MELBOURNE TELEGRAMS.

Tuapeka Times, Volume III, Issue 132, 18 August 1870, Page 5

MELBOURNE TELEGRAMS.

Melbourne, August 6th. The Governor intends to visit Sydney during the Exhibition season. The new Governor of New Caledonia, and family, arrived per Avoca.

The Bank of Victoria has declared a dividend of 10 per cent. The National Insurance Co., Australian Insurance Co., and Commercial Bank, have held meetings, but no dividend was declared. The National Co.'s losses are trifling, the Australian Co.'s heavy, hut a motion to wind up the latter was negatived by a small majority. The Commercial Bank's losses are £600,000. Shares of £600 paid up, are selling for only £3 13s. The shareholders, however, are hopeful since the new manager was appointed. A managing clerk of a large mercantile house has eloped with a young woman. His accounts, however, proved correct. He has left a wife and child. Steps are being taken for forming a new colony in the Fijis on the Island of Vanua Levu. It is intended to call the town Childers, and the colony Wilberforce. The Alhambra will sail for Fiji full of passengers. The Fiji trade generally is increasing, both here and in Sydney, where six vessels have been laid on. The Australian Diamond Mining Company has collapsed, after losing £31,000 Vair is to be executed on the 15th. Patrick Smith, the Hotham murderer, was executed on Thursday. A vessel has been cruising off the Heads, dismasted, during the last four days. A steam tug was despatched for her assistance. Sir James Palmer has retired from political life. The weather has been wet during the week. The breadstuff's market has been firm ; flour reached from £12 10s to £13, and wheat 5s 7d. Feeding grains remain quiet, Fat cattle sold during the week realised from £10 £13.